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Small businesses ramp up borrowing in September

Small businesses ramped up their borrowing efforts in September, banking on a boost in household spending. The Thomson Reuters/PayNet Small Business Lending Index concluded that businesses' confidence in consumers' desire to spend were behind their decisions to borrow more in September. The report on small business financing is comprised of a survey of 250 lenders. … Continue reading Small businesses ramp up borrowing in September

Is your company ready to apply for a loan?

At some point or another, almost every small business will need supplemental funding in order to expand, hire new staff or invest in new resources. However, not everyone is well-versed in the requirements and best practices required to complete the loan application and approval process.  Below are several tips that can help position your company for success … Continue reading Is your company ready to apply for a loan?

Small businesses loans can assist companies in achieving growth

For many small business owners, the prospect of expanding can be daunting at times due to the various uncertainties that are inherently attached to entrepreneurship. Some lack the resources – financial and otherwise – to move forward, while others are simply unsure of how to initiate the process.  Developing a growth strategy for your small … Continue reading Small businesses loans can assist companies in achieving growth

Poor credit does not necessarily prevent SMBs from borrowing

A poor credit score can derail attempts to receive a loan for small businesses and individuals alike, but it is not always a death sentence. Traditional scoring methods have proven to be less accurate in today's market than they previously might have been, and so alternative credit scores are becoming more commonly used across the … Continue reading Poor credit does not necessarily prevent SMBs from borrowing

Small business lending is poised to reach new heights

The economic crisis caused many banks to temporarily reduce or eliminate small business lending, but recent data suggests that this trend has seemingly been reversed. Distribution of capital has grown steadily over the past half-decade or so, and a recent bill that will provide supplemental funds to the Small Business Administration should offer lenders to … Continue reading Small business lending is poised to reach new heights

Small business lending gains more support

Since the Great Recession struck, financial institutions – especially larger ones – have appeared to be a bit less likely to approve loans to small business owners. In many situations, it has appeared as though entrepreneurs are viewed as high-risk, low-reward borrowers. This is why so many reports have found that the largest banks tend … Continue reading Small business lending gains more support

Another solid month of small business lending growth

Small business lending is arguably one of the more important factors within the overall economy, and the market has thankfully improved significantly in the past couple of years. Entrepreneurs most commonly cite access to credit as the single most important part of running their companies and maintaining steady operations, while the small business sector is … Continue reading Another solid month of small business lending growth

Finance matters of note for small business owners

The economy is showing signs of life, but this does not mean small business owners can fall into a false sense of security regarding their personal and organizational finances. Instead, now is the time to buckle down and make sure that they are maximizing the efficiency of spending, streamlining the acquisition of small business loans … Continue reading Finance matters of note for small business owners

Recent developments in the small business lending market

The small business lending market has been on a proverbial tear for a few years now, first finding its footing after the harshest portions of the recession then really gaining steam in 2013 and maintaining that edge ever since. However, the face of the entrepreneurial loan landscape has changed dramatically since the recession, and will … Continue reading Recent developments in the small business lending market